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Tender description :
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Request for Information : Development And Supply Of Fiscalization Technology For The Eswatini Revenue Service (Ers)
TENDER OBJECTIVE - TERMS OF REFERENCE
1. Electronic Invoicing:
• Electronic invoicing solutions automate the generation, transmission, and
validation of invoices between businesses and ERS
• Real-time invoice reporting facilitates timely VAT collection and reduces the
risk of fraud through invoice manipulation.
2. Fiscal Data Reporting:
• Real-time reporting systems that capture and transmit transaction data to
ERS instantly or at predefined intervals.
• ERS can monitor transactions in real time, detect anomalies, and identify
potential tax evasion more effectively.
• Automatic checks of consistency and authenticity of submitted data through
but not limited to specialised algorithms
3. Fiscal Devices:
• Fiscal devices, such as electronic fiscal printers or point-of-sale (POS)
systems, generate and store digital fiscal receipts for each transaction.
• These devices will integrate with ERS systems to ensure the accuracy and
integrity of fiscal data.
4. Data Analytics:
• Advanced data analytics tools to analyse large volumes of transactional
data to identify patterns, trends, and anomalies that may indicate tax
evasion.
• Predictive analytics to help ERS proactively detect non-compliance and
target high-risk taxpayers.
5. Blockchain Technology:
• Blockchain technology offers secure and transparent transaction records,
reducing the risk of data manipulation and ensuring data integrity.
• Smart contracts to automate VAT calculations and payments based on
predefined rules to enhance efficiency and accuracy.
6. Machine Learning and AI:
• Machine learning algorithms to analyse taxpayer data to identify
compliance patterns, detect irregularities, and flag potential risks.
• AI-powered tools to improve tax risk assessment, fraud detection, and
decision-making processes for the ERS
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